lnkhprovip1878 lnkhprovip1878
  • 20-10-2021
  • Mathematics
contestada

Sarah has $31,000 in a savings account. The interest rate is 8% per year. How much simple interest will she earn in 5 years?

Respuesta :

clarch19
clarch19 clarch19
  • 22-10-2021

Answer:

$12,400

Step-by-step explanation:

Interest = Principal x Rate x Time (in years)

I = 31000 x .08 x 5

I = 12,400

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